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20130113
20130121
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Search Results 0 to 21 of about 22 (some duplicates have been removed)
class is shrinking deficits in a balanced and responsible way. and for nearly two years now, i have been fighting for such a plan. one that would reduce our deficits by $4 trillion over the next decades. which would stabilize our debt and deficit in a sustainable way for the next decade. that would be enough not only to stop the growth of our debt relative to the size of our economy but it would make it manageable so that it does not crowd out the investments we need to make in people, education, job training, science, medical research. step by step, we made progress towards that goal. over the past two years, i have signed into law about $1.4 trillion in spending cuts. two weeks i signed into law more than $600 billion in new revenue by making sure the wealthiest americans begin to pay their fair share. when you add the money that will save in interest payments on the debt, altogether that adds up to a total of $2.5 trillion in deficit reduction over the past two years. not counting the $400 billion already saved from winding down the wars in iraq and afghanistan. so, we have made progr
component to growing our economy and broadening opportunity for the middle class is shrinking our deficits in a balanced and responsible way. and for nearly two years now i've been fighting for such a plan, one that would reduce our deficits by $4 trillion over the next decade which would stabilize our debt and our deficit in a sustainable way for the next decade. that would be enough not only to stop the growth of our debt relative to the size of our economy, but it would make it manageable so it doesn't crowd out the investments we need to make in people and education and job training, science medical research, all the things that help us grow. now, step by step we've made progress toward that goal. over the past two years, i've signed into law about $1.4 trillion in spending cuts. two weeks ago, i signed in a law more than $600 billion in new revenue by making sure the wealthiest americans begin to pay their fair share. when you add the money that we'll save in interest payments on the debt, altogether that adds up to a total of about $2.5 trillion in deficit reduc
our deficit and a balanced and responsible way. for nearly two years now, i have been fighting for such a plan. one that would reduce our deficit by four trillion dollars over the next decade which would stabilize our debt and our deficit and sustain us for the next decade. that would be enough not only to stop the growth of our debt and the size of our economy and make it manageable. education and job training in science and research and all of those things that help us grow. step-by-step, we have made progress towards that goal. over the past few years and signed into law 1.4 trillion dollars in spending cuts. two weeks ago i signed into law more than $600 billion in revenue by making sure the wealthiest americans began to pay their fair share. when you add the money that we will save in interest payments on the dead altogether that adds up to a total of about 2.5 trillion dollars and deficit reduction over the past two years. not counting the $400 billion already safe from winding down the wars and i rock and afghanistan. we have made progress. we are moving towards our ulti
, and the deficit doesn't seem to be getting really teenie tiny either, does it stuart? >> no, just not. 3 1/2 billion extra every single day. >> i know, amazing. stuart: tell me how it actually affects our economic growth rate. how does it it do this? >> well, now, with low, low, low, low, interest rates, it doesn't increase the use of tax receipts it pay interest on the debt. but as interest rates rise, which they will, it will have an enormously deleterious effect on growth rates. it really will and that's what we're worried about, the long run prospects of what this national debt and thereby tax receipts use today pay interest wi will do. >> i have a new report from congress, climate change is here, watch out, it's affecting us, because we humans, all our economic activity. the report was written by 240 business leaders and scientists found that climate change is having an impact on infrastructure, water supplies, crops, shore lines. art,this surely is a buildup, softening us up to the point where we will accept a carbon tax, is that right? >> it could well be. i'm not an expert on glob
into the deficit and pay off the debt. >> you know what i didn't like today. i thought it was annoying, he may have to slow down social security payments if-- and tell you why, there's never any suggestion maybe congress shouldn't be paid salaries, the senate not be paid salaries, the president not be paid salaries, cut down on air force one. your constituent payment to go home on commercial aircraft, instead stay here and save money on travel and get the job done. there's any discussion of the politicians to take the hit it's the social security recipients. >> he wants to use the military paycheck to try to scare people and hurt the elderly. you don't have to do that, there's revenue to the treasury on a daily basis. the problem is we deficit spend about 3 to 4 billion dollars a day. we collect, we spend about 10 billion a day and that means that we deficit. we have to borrow 3 to 4 billion dollars a day. we spend more than 700 million dollars a day in interest on a national debt. there are lots of things to do. the president has lots of discretion to curb back that spending to make sure that soci
, particularly when you're in a deficit, the treasury of the united states would have to go out and issue bonds in order to get cash to pay for it. and that was just a cumber some, awkward thing to do. what they did was create this debt cerealing which meant t ce could issue bonds for chunks of money not related to every single law that was passed. it was just because it was cumbersome. it is not a debt control or spending control measure. the president used an analogy today, used many, to say this is like eating at a restaurant, having your fill and not paying the bill. if you want to discuss -- >> dine and dash. >> yes, dine and dash. we have two problems. one is we have to understand the terms of this thing. this is about increasing the treasury's ability to pay for things that have already been committed to by the government. the danger is if you have this discussion about not paying it, those who lend you money seem to think you're not serious about this. imagine having this conversation with american express on the line. we weren't supposed to eat out that much last month. we're only goin
of deficit reduction, a little short of 4 trillion we need, but he would have the american public believe he's significantly reduced our deficit as president. >> which makes you wonder why we need another 2 trillion dollars so desperately now as we are getting ready for the beginning of his second term. obviously, that's 2 1/2 trillion that is, well, fanciful in my opinion and ethereal in others and it's not a reduction in baseline, it's a reduction in the rate of growth of spending, which is again suffocating to the private economy and unsustainable over the course of the next several years. >> megyn: one thing we did hear the president reference personally, we heard it from nancy pelosi prior, but the president personally talking about now closing more loopholes and that means higher taxes. we don't know on who, but he would not specify any specific spending reductions and refusing to negotiate with the house republicans on the issue of the debt ceiling. lou, an interesting couple of months. looking forward to it. >> megyn: all right. thank you, sir. >> thanks, megyn. >> megyn: with the pr
by the end of his first term he would cut the deficit in half. yet he still has not put a single credible plan on the table on how to deal with the debt crisis. >> i'm sorry, martha. martha, with all due respect, thiss
politicians and the commanders on the ground are creating a large deficit of trust. after "rolling stone" interview in which mcchrystal slammed obama and members of the administration, he was forced to resign. he said he did not end as he would have wished. today he says he has moved on with his life and is now free to speak his mind. >> afghanistan is hard. it's always been hard. if you study their history, it's never anything but complex and difficult. >> i spent a career carrying typically an m-16 and later an m-4 carbine. i personally don't think there is any need for that kind of weaponry on the streets, and particularly in and around the schools in america. i like the fact that chuck hagel has had his feet in the mud as a soldier. i like the fact that he's had a lot of background. >> joining me now is the former top commander in afghanistan, retired general stanley mcchrystal. he has a brand-new memoir called "my share of the task." general, nice to see you. >> good to see you, chuck. >> we have heard you on a number of topics. it was interesting on the assault weapon. i want to st
deficit and trillion dollar plus deficits every single year. we just cannot afford it. so it requires thoughtfulness and it requires that we are going to have a plan to work through this. i think that that's where we as republicans are headed. >> congresswoman marsha blackburn, thank you for taking the time to talk to us. michael, let me get back to you in this meeting that speaker boehner is going to be having and convince that he's going to have to do to conservative members of his party. how tough a sell job? >> i think it's tough. one reason it's tough, i was struck by the congresswoman's comments. i think there is fundamental disagreement about what it would mean not to just have a clean raising of the debt ceiling. so, in other words, if i heard the congresswoman correctly, i think she was reflecting a sense among some people that you could shut down the government, stop paying some bills, pay other bills, pay interest on the debt, for instance, and we could kind of get through it that way. i think a lot of -- a lot of other republicans, a lot of conservatives, and almost all de
of them. there's been deficit reduction they've managed to get done in the past year. the problem, i think, is political. it's not economic. right now, congress is obviously very divided. they're not working together. they're going to have to, if they want to, for instance, raise the debt ceiling and avoid a financial crisis. the question is, can barack obama do a better job of helping them do that because there's been a lot of complaints in congress that he hasn't been leading. he has even offended members of congress by applying they're not doing their job. so i think there's this political question that's overlaid this very thorny economic question. >> will the leadership of this president make a difference? will he have to lead differently than he did in the first time? >> he does and i think he has already learned how to. he has shown a learning curving, the way he has framed the debt ceiling debate saying he will not let america be held hostage in these negotiations. that's one of the real key questions of a second term. can you go from lucky or good to good to great, is this. will t
seattle was about to steal one. seahawks erase a 20-point deficit to take a one-point lead over atlanta. this is less than a minute to play here. the falcons get into field goal range with less than a second on the clock. matt o'brien sends it into field goal range. falcons win it by 30 of the 28. a rematch of last year's afc title game. baltimore travels to new england. that game starts at 6:30 eastern next sunday on cbs, and atlanta will host the 49ers in the nfc championship game. the winners meet in new orleans to decide super bowl xlvii. the big game, sunday, february 3rd. and the only place to watch it, right here on cbs. >>> lance armstrong says he's ready to speak candidly. armstrong will be interviewed by oprah winfrey today. he's expected to confess to doping, something he's denied for years. last year armstrong was stripped of all seven of his tour de france titles. they say he ran the, quote, most sophisticated professionalized doping program the sport has ever seen. >>> when we come back on a monday, law and order. in a rare interview, the supreme court's s
going to reduce the deficit. he knew that wasn't true and the deficit has gone through the roof and he said this to congress, deficit has gone through the roof since then. so he really -- there are a lot of republicans and one democrat, but there are a lot of republicans that didn't like his testimony. his testimony was false. and we'll see what happens. he's going to probably get the -- he's going to get it. a lot of things aren't being stopped. the republicans have not found a good way to stop things. and i'm not sure necessarily he should get stopped. this was the president's choice. the president did win the election. the president does have the right to make appointments and this is one of his appointments. but what he told congress was totally false and probably knowingly false. >> steve: i'm sure when he's called before that senate committee he's gog have an explanation of what he meant then and what he means now. >> they were tough statements and terrible statements and they couldn't have been more wrong. >> steve: yeah. turns out to be that case. all right. mr. trump, thank y
will force senate democrats to get involved in the deficit reduction debate by passing a budget by april. >>> and former new orleans mayor, ray nagin, who promised to crack down on corruption, has been indicted on corruption charges. nagin is facing 21 counts, including wire fraud, bribery and money laundering. abc's mark greenblatt has this story. >> reporter: indicted for corruption. the one-time former rock star mayor of new orleans, stands caused of becoming exactly what he campaigned against. >> this state and this city, is saying to the old-line politicos we're tired of the games. we're tired of the corruption. and we want to go in a new direction. >> reporter: it's a striking fall from grace for ray nagin, as the justice department now charges him with awarding lucrative city contracts in exchange for kickbacks and trips to vacation hot spots like hawaii, jamaica and las vegas. he's accused of pocketing more than $200,000 in bribes. and the indictment even charges nagin with trying to pocket cash for himself, as the city struggled to recover from hurricane katrina. ? one case, nag
important thing he could do is tax reform and deficit control. if he could put those two things together, that'd be bigger than health care. >> steve: you know what? if he were to work with the republicans talking reform-- >> i think that's a lock for next year. >> steve: well, he wants to do something about it. some republicans want to do something about it, remember last time with health care, the republicans had a bunch of ideas and the democrats shut them out completely. maybe this time bipartisan. >> brian: that's not the harry reid i know. >> alisyn: let's get to other stories in the headlines, late last noos night, two drones strikes, at least three of the bodies were burned beyond recognition. the death toll could rise in the hostage crisis at a gas plant in algeria. many were killed including one american. two americans are still missing and the crisis ended yesterday when the algerian army attacked the plant killing two militants. president obama said this is attack is another reminder of the threat posed by al-qaeda and other violent extremist groups in north africa. and the p
stating very clearly today that he will not negotiate deficit reduction, tax increases and spending cuts attached to the debt ceiling. this of course does follow that bruising battle the year before last, where he did negotiate on the issue, and the u.s. nearly went to the brink of default. he said that congress has to pay the bills that it's already racked up. >> you don't go out to dinner and then, you know, eat all you want and then leave without paying the check. and if you do, you're breaking the law. and congress should think about it the same way that the american people do. you don't -- now, if congress want, to have a debate about maybe we shouldn't go out to dinner next time, maybe we should go to a more modest restaurant, that's fine. that's the debate that we should have. >> reporter: in this press conference that was called last minute in the east room, president obama said he will negotiate a deal on deficit reduction but not, as he put it, quote, with a gun to the head of the american people. as you know, joe, republicans are saying they're not going to increase the debt c
the venezuelan economy. the economy is, frankly, in shambles. barclay's puts fiscal deficit at nearly 20% of gdp, one of the highest imbalances in the world. total debt has more than doubled since 2008. and that is despite the fact that venezuela has the greatest proven reserves of oil in the world. more than saudi arabia, iran or canada. when hugo chavez first came to power in 1999, oil was trading at $11 a barrel. today, it is trading at $111 a barrel. chavez has presided over the greatest windfall in his country's history. and, yet, venezuela is probably the only petro state in the world where people regularly suffer power outages. infrastructure is crumbling and public security is abysmal. venezuela has one of the worst homicide rates in the world, worse even than colombia, honduras and mexico. venezuelan exports to the u.s. from the start of chavez's rule through 2011 added up to nearly $350 billion. that's iconic for a presidency which marketed itself as anti-american. but even that trend may be reversing. according to a "financial times" report for every 10 barrels of crude that are expor
to being able to destabilize our debt and deficit. this is insanity. he's making the case we stopped corporate loopholes his white house after biden demand this had he put the loopholes in the fiscal deal. and the president is disingenuous beyond wlbelief. of course he's irritated he's walking a tightrope on this, a thin edge. >> megyn: doked for president clinton who i just mentioned with michael reagan, this national journal article today that talks about among others, bill clinton, his ability to reach across the aisle and make deals with people he didn't necessarily love politically. but the suspicion of government feeding hungry children, we have it teed up, and helped in this president's ability to do this and i'll get your reaction, this is on suspicion, take a listen. >> they have suspicions about social security. they have suspicions about whether government should make sure that kids in poverty are getting enough to eat or whether we should be spending money on medical research, so they've got a particular view of what government should do and should be. >> megyn: go ahead,
's fake money. >> suze orman, you rock. >> thank you. you get to pay off our deficit. >> the suze orman show airs saturday night at 9:00 p.m. and 12:00 a.m. eastern. you already knew that. >> we're taking a walk on the wild side with patrick monihan. >> no, kate, don't do it. [ female announcer ] what makes florida's natural orange juice taste so uniquely fresh and delicious? is it the rich florida soil? or the perfect blend of sunshine, rain, and temperature? maybe it's the fact that florida's natural oranges are never imported. they're raised right here in florida, and passed with care from our hands to yours. 100% pure. 100% florida. florida's natural. i'd like to thank eating right, whole grain, multigrain cheerios! mom, are those my jeans? [ female announcer ] people who choose more whole grain tend to weigh less than those who don't. multigrain cheerios waiting for your wrinkle cream to work? neutrogena® rapid wrinkle repair has the fastest retinol formula. to visibly reduce fine lines and wrinkles in just one week. neutrogena®. to visibly reduce fine lines and wrinkles in just
Search Results 0 to 21 of about 22 (some duplicates have been removed)